Bitcoin Recovers From $112K Dip as XRP Slips Below Key Support - Weekend Market Recap

The cryptocurrency market experienced a volatile weekend, marked by Bitcoin’s sharp dip to just below $112,000, followed by a partial recovery. Meanwhile, Ripple’s XRP has finally lost its footing at the $3.00 support zone, signaling a broader market pullback among major altcoins.

Bitcoin Briefly Drops Below $112K, Bounces Back

Bitcoin’s price movement over the past week showcased increasing bearish pressure. After starting the week on a relatively strong note by reclaiming $120,000, BTC faced rejection near that level — a pattern that has played out repeatedly in recent weeks.

Midweek, the price consolidated between $117,000 and $119,000, but fresh macroeconomic concerns emerged after the U.S. Federal Reserve held interest rates steady, sparking renewed selling. This led to a gradual drop, first to $116,000, then further to $115,000, before hitting a three-week low just under $112,000 on Saturday evening.

Despite this drop, buyers stepped in to defend the psychological support. As of Sunday morning, BTC has recovered modestly and is back above $115,000, though it remains well below recent highs.

XRP Loses $3 Support as Altcoins Follow Suit

Ripple’s XRP had shown relative strength in previous sessions, hovering around the $3.00 level even as other altcoins struggled. However, over the weekend, XRP finally joined the broader market pullback, dropping roughly 4% and slipping below $2.90.

The breakdown below this key support level raises the risk of a deeper correction, especially if BTC fails to regain bullish momentum in the coming days.

Market Snapshot

• Ethereum (ETH): Continues to drift lower, now trading further below the $3,500 mark.
• Solana (SOL): Pressuring the $160 support with minor daily losses.
• Dogecoin (DOGE): Down around 1%, mirroring the broader altcoin landscape.
• Pi Network (PI): Recovering slightly from its recent all-time low, up by 4–5% to $0.36.

Total Market Cap Holds, But Pressure Remains

Despite the turbulence, the total crypto market capitalization remains relatively flat on a 24-hour basis at $3.75 trillion. However, this still marks a significant decline of nearly $250 billion since Thursday — highlighting the impact of macroeconomic uncertainty on digital asset markets.

Key Takeaways

• Bitcoin dropped to a 3-week low below $112K before partially recovering.
• XRP lost its critical $3.00 support, down over 4% in 24 hours.
• Altcoins continue to struggle, with ETH, SOL, and DOGE posting minor losses.
• The overall market cap remains steady but has lost $250B since Thursday.